FTC Announces Changes to Premerger Filing Requirements
On Jan. 24, the Federal Trade Comission revised thresholds for premerger filings under the Hart-Scott-Rodino Antitrust Improvements Act, according to an FTC news release.
The new thresholds, which go into effect 30 days after publication of the Federal Register notice, include the following changes, according to a recent McGuireWoods' legal update:
"The "size of transaction" test has increased to $68.2 million. Therefore, in order to qualify as a potentially reportable transaction under the HSR Act, a buyer must, as a result of the transaction, hold voting securities or assets valued in excess of $68.2 million.
The "size of person" tests have increased to $13.6 million and $136.4 million, respectively. That is, unless either the acquired or acquiring person has annual net sales or total assets of at least $13.6 million and the other person has annual net sales or total assets of $136.4 million, the transaction will often not be reportable.
Transactions in excess of $272.8 million are now reportable even if the "size of person" test is not met."
HSR filing fees remain unchanged, but the thresholds used to calculate the fees have increased. For more information, see the McGuireWoods' update.
More Articles on Hospital M&A:
9 Recent Hospital Mergers & Acquisitions
Hospital M&A Up 12% During 2011
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.